Description
NSE notifies suspension of trading in two Non-Convertible Debentures of Cholamandalam Investment and Finance Company Limited effective May 20, 2026, due to maturity of the securities.
Summary
NSE has notified the suspension of trading in two Non-Convertible Debentures (NCDs) issued by Cholamandalam Investment and Finance Company Limited, effective May 20, 2026. The suspension is triggered by the maturity of both securities under Regulation 3.1.2 of the NSE Capital Market Trading Regulations Part A.
Key Points
- Two NCDs of Cholamandalam Investment and Finance Company Limited will be suspended from trading effective May 20, 2026
- Symbol 830CIFC26 (ISIN: INE121A07QW3) is suspended due to maturity
- Symbol CIFCZC26A (ISIN: INE121A07QZ6) is suspended due to maturity
- Action is taken under Regulation 3.1.2 of NSE (Capital Market) Trading Regulations Part A
- Circular issued by Dhwani Shah, Manager, Listing Department
Regulatory Changes
No new regulatory changes. The suspension is a standard enforcement of existing NSE trading regulations (Regulation 3.1.2) that mandate removal of matured debt securities from the trading platform.
Compliance Requirements
- NSE members must cease trading in symbols 830CIFC26 and CIFCZC26A from May 20, 2026
- Holders of these NCDs should coordinate with their depository participants for settlement and redemption proceedings upon maturity
Important Dates
- May 18, 2026: Circular issued
- May 20, 2026: Effective date of trading suspension for both NCDs
Impact Assessment
The suspension is a routine, expected event arising from the maturity of both NCD series. Investors holding these debentures will no longer be able to trade them on NSE from May 20, 2026. Redemption proceeds will be paid out as per the terms of the respective debenture issuances. The impact is limited to existing holders of these two specific instruments and does not affect the broader equity or debt market operations of Cholamandalam Investment and Finance Company Limited.
Impact Justification
Routine suspension of two NCDs upon maturity; affects holders of these specific debentures but is an expected lifecycle event rather than an adverse regulatory action.